What changes on 09/05/2023

The text in force from 23/12/2020 compared with the text from 09/05/2023, which includes the changes made by Commission Delegated Regulation (EU) 2023/827.

Read the act as of 09/05/2023 · other versions: 13/04/2015 · 22/06/2015 · 07/07/2015 · 23/12/2020

Chapter I

• inserted Article 1a - Application of this Regulation to entities subject to the minimum requirement for own funds and eligible liabilities, and to eligible liabilities referred to in Directive 2014/59/EU
• amended Article 1 - Subject matter

Chapter II › Section 1 › Subsection 2

• amended Article 4 - Type of undertaking recognised under applicable national law as a cooperative society for the purposes of Article 27(1)(a)(ii) of Regulation (EU) No 575/2013
• amended Article 7a - Multiple distributions constituting a disproportionate drag on own funds
• amended Article 7b - Preferential distributions regarding preferential rights to payments of distributions

Chapter II › Section 1 › Subsection 3

• amended Article 8 - Indirect funding of capital instruments for the purposes of Article 28(1), point (b), Article 52(1), point (c), and Article 63, point (c), and of liabilities for the purpose of Article 72b(2), point (c), of Regulation (EU) No 575/2013
• amended Article 9 - Applicable forms and nature of indirect funding of capital instruments for the purposes of Article 28(1), point (b), Article 52(1), point (c) and Article 63, point (c), and of liabilities for the purpose of Article 72b(2), point (c), of Regulation (EU) No 575/2013

Chapter II › Section 2

• amended Article 12 - The concept of gain on sale for the purposes of Article 32(1)(a) of Regulation (EU) No 575/2013

Chapter III › Section 1

• amended Article 20 - Form and nature of incentives to redeem for the purposes of Article 52(1), point (g), Article 63, point (h), Article 72b(2), point (g), and Article 72c(3) of Regulation (EU) No 575/2013

Chapter IV › Section 1

• amended Article 25 - Extent of conservatism required in estimates for calculating exposures used as an alternative to the underlying exposures for the purposes of Article 76(2) of Regulation (EU) No 575/2013
• amended Article 26 - Meaning of operationally burdensome in Article 76(3) of Regulation (EU) No 575/2013

Chapter IV › Section 2 › Subsection 1

• inserted Article 30a - Additional information to be submitted with an application for a general prior permission for actions listed in Article 77(1) of Regulation (EU) No 575/2013
• inserted Article 30b - Information to be submitted with an application for a renewal of a general prior permission for actions listed in Article 77(1) of Regulation (EU) No 575/2013
• amended Article 27 - Meaning of sustainable for the income capacity of the institution for the purposes of Article 78(1), point (a), and Article 78(4), point (d), of Regulation (EU) No 575/2013
• amended Article 28 - Process requirements including the limits and procedures for an application by an institution to reduce own funds pursuant to Article 77(1) of Regulation (EU) No 575/2013
• amended Article 29 - Submission by the institution of an application to reduce own funds pursuant to Article 77(1) of Regulation (EU) No 575/2013
• amended Article 30 - Content of the application to be submitted by the institution for the purposes of Article 77(1) of Regulation (EU) No 575/2013
• amended Article 31 - Timing of the application to be submitted by the institution and processing of the application by the competent authority for the purposes of Article 77(1) of Regulation (EU) No 575/2013
• amended Article 32 - Applications for redemptions, reductions and repurchases by mutuals, cooperative societies, savings institutions or similar institutions for the purposes of Article 77(1) of Regulation (EU) No 575/2013

Chapter IV › Section 2 › Subsection 2

• inserted Article 32a - Meaning of sustainable for the income capacity of the institution for the purposes of Article 78a(1), point (a), of Regulation (EU) No 575/2013
• inserted Article 32b - Process requirements, including the limits and procedures for an application by an institution to reduce eligible liabilities instruments pursuant to Article 77(2) of Regulation (EU) No 575/2013
• inserted Article 32c - Submission by the institution of an application to reduce eligible liabilities instruments pursuant to Article 77(2) of Regulation (EU) No 575/2013
• inserted Article 32d - Content of the application to be submitted by the institution for the purposes of Article 77(2) of Regulation (EU) No 575/2013
• inserted Article 32e - Additional information to be submitted with the application for a general prior permission for actions listed in Article 77(2) of Regulation (EU) No 575/2013
• inserted Article 32f - Information to be submitted with an application for a renewal of a general prior permission for actions listed in Article 77(2) of Regulation (EU) No 575/2013
• inserted Article 32g - Timing of the application to be submitted by the institution and processing of the application by the resolution authority for the purposes of Article 77(2) of Regulation (EU) No 575/2013
• inserted Article 32h - Simplified requirements for institutions for which the resolution authority has set the minimum requirement for own funds and eligible liabilities laid down in Article 45(1) of Directive 2014/59/EU at a level that does not exceed an amount sufficient to absorb losses
• inserted Article 32i - Process of cooperation between the competent authority and the resolution authority when granting the permission referred to in Article 78a of Regulation (EU) No 575/2013

Chapter IV › Section 3

• amended Article 33 - Temporary waiver from deduction from own funds and eligible liabilities for the purposes of Article 79(1) of Regulation (EU) No 575/2013

Outside any heading

• amended Preamble

Chapter VI

• amended Article 37